The online gaming industry has evolved well beyond its nascent stages, with the global market witnessing an exponential growth over the last few years. In India too, the progress has been truly astounding. India’s online gaming industry is estimated to generate Rs. 11,900 crore by 2023, according to a report by KPMG in India and the Indian Federation of Sports Gaming (IFSG). Another recent report by boutique investment bank Maple Capital Advisors titled ‘Gaming – India Story’ projects that the Indian gaming industry will grow at a CAGR of 47% by 2020. Multiple factors including increased internet penetration as well as a significant rise in quality gaming content are going to contribute to this growth. At present, India is home to more than 400 gaming startups, which are capitalizing on the rapidly-growing smartphone user base to help the industry reach new heights.
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The company says that “We are also working with youtube game streamers in India on a partnership basis, where MoneyGames will take a cut of revenue share in the profits generated. We help the YouTubers to launch their own Gaming App and monetize their followers.”
Youtube streamers can only make money when they are live streaming their games and by launching their own app they are creating an additional revenue stream that will eventually generate much revenue that their streams apart from constantly engaging with their users when they are not streaming.
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